Child

Child

For tax purposes, the term child includes the taxpayer's son, duaghter, stepchild, eligible foster child, or a descedant of any of them, or an adopted child. It also includes the taxpayer's brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

LONDON, December 16, 2010 /PRNewswire/ -- M&S Money has revealed that as parents begin to feel the pinch of Government cuts, new research shows that grandparents in the UK are providing more than GBP6000 of support to grandchildren.

Three-quarters of grandparents said they made a financial contribution towards the cost of raising their grandchildren, with the average person spending pounds 50,352 on their first grandchild during the first 18 years of their life, according to Yours Magazine.

Believe it or not, our family has never missed a year since 1893, even during the Depression,'' said Suzanne Walker of Westlake Village, who joined her mother, children and grandchildren to make hundreds of candy canes from scratch.

In Letter Ruling 200602002, the IRS ruled that a donor's prepayment of tuition for each of six grandchildren for multiple years through grade 12, made directly to a school, will be deemed qualified transfers excluded from the girl tax under Sec.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.